Synchrony Financial (SYF) Expected to Announce Earnings of $0.89 Per Share

Brokerages forecast that Synchrony Financial (NYSE:SYF) will post $0.89 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Synchrony Financial’s earnings, with estimates ranging from $0.80 to $0.97. Synchrony Financial reported earnings per share of $0.83 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The company is scheduled to report its next quarterly earnings results on Friday, April 19th.

On average, analysts expect that Synchrony Financial will report full year earnings of $4.37 per share for the current year, with EPS estimates ranging from $4.03 to $4.90. For the next fiscal year, analysts forecast that the company will post earnings of $4.69 per share, with EPS estimates ranging from $4.37 to $4.99. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Synchrony Financial.

Synchrony Financial (NYSE:SYF) last released its earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.16. Synchrony Financial had a net margin of 15.45% and a return on equity of 19.41%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share.

Several brokerages have recently issued reports on SYF. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday, February 8th. CIBC raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Thursday, January 24th. TheStreet downgraded shares of Synchrony Financial from a “b-” rating to a “c+” rating in a report on Monday, November 19th. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, January 30th. Finally, ValuEngine raised shares of Synchrony Financial from a “strong sell” rating to a “sell” rating in a report on Friday, December 7th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Synchrony Financial currently has a consensus rating of “Buy” and a consensus price target of $37.73.

In related news, insider David P. Melito sold 3,934 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $30.00, for a total value of $118,020.00. Following the completion of the sale, the insider now owns 29,486 shares of the company’s stock, valued at $884,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Henry F. Greig sold 50,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $33.00, for a total transaction of $1,650,000.00. The disclosure for this sale can be found here. Insiders sold 60,342 shares of company stock valued at $1,966,668 in the last ninety days. Corporate insiders own 0.07% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SYF. Enlightenment Research LLC acquired a new stake in Synchrony Financial in the fourth quarter worth about $28,000. JOYN Advisors Inc. lifted its holdings in Synchrony Financial by 33.7% in the fourth quarter. JOYN Advisors Inc. now owns 1,349 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 340 shares during the period. Taylor Hoffman Wealth Management acquired a new stake in Synchrony Financial in the fourth quarter worth about $39,000. Dubuque Bank & Trust Co. acquired a new stake in Synchrony Financial in the fourth quarter worth about $43,000. Finally, Huntington National Bank lifted its holdings in Synchrony Financial by 47.6% in the fourth quarter. Huntington National Bank now owns 1,908 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 615 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

SYF stock opened at $32.92 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.41 and a quick ratio of 1.41. Synchrony Financial has a 1-year low of $21.77 and a 1-year high of $37.24. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.82 and a beta of 1.29.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 4th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Friday, February 1st. Synchrony Financial’s payout ratio is currently 22.46%.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Earnings History and Estimates for Synchrony Financial (NYSE:SYF)

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